GBPUSD Slumps, Data Highlights Economic Weakness, Brexit Fears

GBPUSD fell back below 1.2700 after recently released economic data highlighted the ongoing, Brexit-related, weakness in the U economy.


from DailyFX - Feeds all http://bit.ly/2MMH758
via IFTTT

EUR and JPY Shorts Cut as USD Bulls Scale Back - COT Report

USD long positioning pulled back as investors covered EUR and JPY short positions, while GBP sentiment continued to deteriorate as shorts rise to highest since late January.


from DailyFX - Feeds all http://bit.ly/2K8vAek
via IFTTT

Gold Price Outlook Remains Positive, Silver Price Struggling with Resistance

Gold opens the week slightly lower, but the chart still retains its positive bias with supportive technical. Silver's recent rally has come to an end an the 200-day moving average is capping the upside for now.


from DailyFX - Feeds all http://bit.ly/2XK6Dcg
via IFTTT

Euro, US Dollar May Ignore Local Data - Attention on External Shocks

The relatively sparse economic docket in Europe and the US will leave the Euro and US Dollar exposed to external event risk.


from DailyFX - Feeds all http://bit.ly/2WXFIwy
via IFTTT

Crude Oil Prices Up, Gold Down as Markets Cheer US-Mexico Detente

Crude oil prices rose with stocks while gold prices fell as the US Dollar rose with bond yields after the White House shelved a plan to impose tariffs on Mexico.


from DailyFX - Feeds all http://bit.ly/2wHxJoO
via IFTTT

Asian Stocks Boosted By Auto Names On US-Mexico Trade Hopes

A combination of stronger local economic data and hopes that further tariffs against Mexico can be avoided served to lift Asian equity.


from DailyFX - Feeds all http://bit.ly/2wIKtv9
via IFTTT

SEK, NOK Brace for CPI Data, Brexit and European Political Peril

The cycle-sensitive Swedish Krona and Norwegian Krone will be on the edge ahead of critical inflation data and increasingly dangerous political peril in Europe.


from DailyFX - Feeds all http://bit.ly/2wHYCsC
via IFTTT

AUD Market May Find Bar To Deeper Rate Cuts Very High Indeed

The Australian Dollar market has already seen one rate cut, and it’s betting on at least one more. It may get that one, but the bar to deeper reductions could be higher than investors think.


from DailyFX - Feeds all http://bit.ly/2I5FXxl
via IFTTT

Dollar Drops Versus SGD, IDR on Fed Rate Cut Bets. China Trade Eyed

The US Dollar may extend declines versus its ASEAN peers as bets on a July Fed rate cut increase - markets now eyeing US CPI and retail sales data. China trade is eyed to gauge the impact of US tariffs.


from DailyFX - Feeds all http://bit.ly/2F0pecN
via IFTTT

US Dollar Weekly Forecast: Rising Fed Rate Cut Odds Sink US Dollar; May US Inflation Report Due

With the Federal Reserve policymakers in their quiet period ahead of the June 18-19 FOMC meeting, traders will rely on news flow around the various trade wars in which the US is involved.


from DailyFX - Feeds all http://bit.ly/2K8Md9Z
via IFTTT

Canadian Dollar Gaps Up, Yen Drops as US Shelves Mexico Tariffs

The Canadian Dollar gapped higher while the anti-risk Yen fell as markets reacted to reports that the US will shelve planned tariffs on imports from Mexico.


from DailyFX - Feeds all http://bit.ly/2R1zPcd
via IFTTT

Canadian Dollar, MXN May Gap After Trump Suspended Mexico Tariffs

The Mexican Peso and Canadian Dollar may gap and appreciate after US President Donald Trump “indefinitely suspended” tariff threats on Mexico. How will this impact USD/CAD declines?


from DailyFX - Feeds all http://bit.ly/2K86i06
via IFTTT

Weekly Technical Forecast: Dow and Gold Build Pressure to Clear Important Highs as EURUSD Reverses

There is as much potential built into the upcoming week than there was progress earned over this previous period. The Dow and S&P 500 extended a drive that finally drew in more risk assets and has bulls looking for fresh records. At the same time, gold is aiming for a break from a 5-year pattern and EURUSD may have finally reversed a year-long bear trend.


from DailyFX - Feeds all http://bit.ly/2WXFZjg
via IFTTT

US Dollar Weekly Technical Forecast: Rising Wedge as USD Breaks Down

It was a brutal week in the US Dollar with the bullish trend of the past eight months coming into question. But can sellers continue to push to evoke a deeper drawdown?


from DailyFX - Feeds all http://bit.ly/2WA6a08
via IFTTT

Dow Jones, FTSE 100, ASX 200 Fundamental Forecast

The Dow Jones, FTSE 100 and ASX 200 face a relatively quiet week from a data perspective, which may see overarching market themes take control.


from DailyFX - Feeds all http://bit.ly/2wFIjwt
via IFTTT

Crude Oil Price May Climb in the Week Ahead

Crude oil turned downside momentum around last week, setting it up for more strength in the week ahead; how much power it has, though, is questionable.


from DailyFX - Feeds all http://bit.ly/2HZNE8e
via IFTTT

Euro Forecast: Firm ECB to Keep EURUSD Price Bid

Will the Euro climb higher on the back of a steady ECB and confirm the topside breakout in spot EURUSD?


from DailyFX - Feeds all http://bit.ly/2I5zT8f
via IFTTT

Pound Sterling Week Ahead: GBPUSD, GBPAUD Chart Reversals Brewing?

Is the British Pound readying to reverse against the US Dollar? Or will GBPUSD struggle clearing near-term resistance? GBPAUD is also attempting a turnaround as EURGBP climbs.


from DailyFX - Feeds all http://bit.ly/2Wt5sNj
via IFTTT

Gold Prices Ride Trade-War, Low Yield Wave But Rally May Pause

These dubious days for the global economy are unsurprisingly pretty good ones for gold. However, the metal has risen sharply and bulls may not feel ready to push on higher yet.


from DailyFX - Feeds all http://bit.ly/2wKm2O0
via IFTTT

Australian Dollar Recovery May Have Run Out of Steam

The Australian Dollar mounted a spirited recovery over the past two weeks but the dominant downtrend against its US counterpart may be ready to resume.


from DailyFX - Feeds all http://bit.ly/2Z9il0o
via IFTTT